BREAKING: German IFO index points to weaker sentiment in economy!

9:02 AM 25 July 2023

Germany - Ifo sentiment index for July:

Actual: 87,3. Forecast: 88. Previously: 88,5
Current Conditions: Actual: 91,3. Forecast: 93. Previously: 93,7
Future estimates: Actual: 83,5. Forecast: 83,4. Previously: 83,6

In addition, at the same time the ECB published a study on loans in the euro area. The ECB points out that banks are reporting a record drop in the demand for loans from companies. At the same time, banks are further tightening their restrictive lending policies.

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Source: EBC

After the Ifo report and the ECB credit report, EURUSD reduces recent gains and is close to yesterday's close. Source: xStation 5

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